Hostname: page-component-76fb5796d-22dnz Total loading time: 0 Render date: 2024-04-28T05:57:51.388Z Has data issue: false hasContentIssue false

On the Significance of Choice Sets with Incompatibilities

Published online by Cambridge University Press:  14 March 2022

Vivian Charles Walsh*
Affiliation:
Sir George Williams University

Abstract

The axiom of comparability has been a fundamental part of mathematical choice theory from its beginnings. This axiom was a natural first assumption for a theory of choice originally constructed to explain decision making where other assumptions such as continuous divisibility of choice spaces could legitimately also be made. Once the generality of application of formal choice theory becomes apparent, it also becomes apparent that both continuity assumptions and the axiom of comparability may be unduly restrictive and lead to the neglect of decision situations which are important and which can be handled on a modified axiom set. These considerations bear on the philosophical analysis of the concept of rational decision.

Type
Research Article
Copyright
Copyright © Philosophy of Science Association 1967

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

∗∗

The research involved in writing this paper was carried out under the graduate program in Economics of Sir George Williams University as part of research for a seminar given by me in that program in Axiomatic Choice Theory.

References

REFERENCES

[1] Arrow, Kenneth, Social Choice and Individual Values, Second Ed.Google Scholar
[2] Kierkegaard, S⊘ren, Concluding Unscientific Postscript.Google Scholar
[3] Putnam, Hilary and Walsh, V. C., On the Necessity for a Change in the Axioms of Choice Theory.Google Scholar
[4] Robbins, Lord of Claremarket, An Essay on the Nature and Significance of Economic Science, 1st edition, 1932.Google Scholar
[5] Sonnenschein, Hugo, “The Relation between Transitive Preference and the Structure of the Choice Space,” Econometrica, July, 1965.CrossRefGoogle Scholar
[6] Walsh, Vivian Charles, An Introduction to Contemporary Microeconomics (New York: McGraw Hill) prelim. edition, 1967.Google Scholar
[7] Walsh, Vivian Charles, “Scarcity and the Concepts of Ethics,” Philosophy of Science, 1959.Google Scholar
[8] Walsh, Vivian Charles, Scarcity and Evil (Englewood Cliffs, New Jersey, Prentice-Hall, 1960).Google Scholar